Investors are betting big U.S. banks can generate larger profits and pay out more to shareholders if Trump sidelines the industry’s sharpest critics, dismantles post-crisis rules and pursues policies that spur inflation and lift long-term interest rates. While Trump repeatedly attacked Goldman Sachs’s government influence during his campaign, the New York-based firm is now positioned to have its market philosophies expressed in policy in coming years.
[source : Goldman Stock Hits Record on Bets Trump Will Unleash Wall Street, Bloomberg, https://www.bloomberg.com/news/articles/2017-02-14/goldman-stock-hits-record-on-bets-trump-will-unleash-wall-street, 14th February 2017]
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Friday, February 17, 2017
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